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Property G · Project Sabila
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Strictly Confidential · NDA Required
Document TypeInvestment Teaser DateMay 2026
Project Sabila  ·  Michoacán, Mexico

Gold,
Silver &
Copper

An NI 43-101–certified precious and base metals deposit in southern Michoacán — with 954,000 oz Au in certified resources, 73 drill holes across 14,200m of core, heap-leach metallurgy validated, and pads under active construction. Ready for production financing.

954K oz Au
Gold Resource
NI 43-101 Certified
73 Holes
14,200m Drilled
Since 1997
Advanced
Pre-Production
Heap-Leach Validated
$60M
Asking Price
USD
Caracuaro Municipality  ·  Michoacán, Mexico
Asset identity disclosed only upon NDA execution. This document does not constitute an offer of securities or financial advice.
Confidentiality Notice The identity and location of this asset are withheld pending execution of a Non-Disclosure Agreement. The full data room — including NI 43-101 report, all 73 drill hole logs, lab certificates, metallurgical test results, and concession documentation — is available immediately thereafter.
01

Opportunity Overview

Project Sabila is an advanced-stage gold, silver, and copper deposit at Rancho La Sábila in Caracuaro Municipality, Michoacán — one of southern Mexico's most mineral-rich regions. The project is held by the Solidaridad concession (Title 220315, 174.5 ha), with an additional ranch area of 488 ha, operated by Fierrominerales SA de CV.

The asset is backed by over 27 years of continuous exploration (1997–2024), including 73 diamond drill holes totalling approximately 14,200 metres of core — among the most extensively drill-tested junior gold projects in Michoacán. An NI 43-101 Technical Report (Michael J. Floersch, Applied Minerals Inc., prepared for US Precious Metals Inc.) certifies resources of 954,000 oz Au plus significant Ag and Cu co-products across the property.

Critically, heap-leach metallurgical testing has been completed and pads for heap-leach production are currently under active construction — making this one of the very few junior gold assets in Mexico with a clear, near-term production pathway already underway. The property is tax compliant (current with SE filings) and the security situation in the area is described as tranquil.

At $4,784/oz Au (May 2026), 954,000 certified ounces represents over $4.5 billion in gross in-ground gold value. With heap-leach pads under construction, the gap from this asset's current valuation to production-stage value has rarely been narrower.

Deal Snapshot
LocationCaracuaro, Michoacán, Mexico
CommodityGold · Silver · Copper
Mine TypeOpen Pit / Heap Leach
StatusAdvanced Exploration / Pre-Production
Au Resource954,000 oz (NI 43-101)
Drilling73 holes · ~14,200m
Technical ReportNI 43-101 (Floersch / Applied Minerals)
MetallurgyHeap-Leach Tested & Validated
PadsUnder Construction
ConcessionSolidaridad — Title 220315
Asking PriceUSD $60,000,000
Data RoomUnder NDA
02

Key Competitive Advantages

954,000 oz Au — NI 43-101 Certified
A fully NI 43-101 compliant resource estimate of 954,000 oz Au (plus Ag and Cu co-products) has been certified by Michael J. Floersch of Applied Minerals Inc. and reported to the SEC. This is an institutional-quality credential that most Mexican junior gold assets never achieve, eliminating a critical de-risking step for incoming capital.
Heap-Leach Pads Under Construction
Metallurgical tests using heap-leach methodology have been completed and validated. Construction of the leach pads began approximately one month prior to the February 2024 teaser — meaning the asset is not merely exploration-stage, but actively transitioning to a production configuration. This is the single most significant value differentiator in the portfolio.
27 Years of Exploration Data
Continuous exploration since 1997, including 73 drill holes (~14,200m of core), geophysics, and extensive surface sampling — all with original lab certificates available. Exploration data also includes SEC filings from 2000, 2010, and 2015 confirming resources consistently above 954,000 oz Au across three separate independent assessments.
Simple Heap-Leach Metallurgy
The validated heap-leach processing method is one of the lowest-capital, lowest-operating-cost extraction routes available for a gold deposit of this grade profile. It avoids the complexity and expense of milling and CIL/CIP circuits, meaning a significantly lower capex threshold to first gold pour compared to the majority of comparable resources.
15,109 ha District-Scale Footprint
The total property area spans 15,109 hectares — a district-scale land position in a gold-bearing region of Michoacán. The 174.5 ha Solidaridad concession hosts the certified resource, while the broader property provides substantial exploration upside beyond the current resource envelope.
Secure Location · Tax Compliant
The project team explicitly notes the area as a tranquil security zone — a meaningful distinction in the context of Michoacán exploration. The concession is current with all tax filings and SE reports (Secretaría de Economía). Full digital archive of exploration data from 1997 to 2017, plus satellite imagery studies from 2014, available in the data room.
03

Indicative Economics

In-Ground Au Value
>$4.5B
Gross in-ground value of 954,000 oz Au at $4,784/oz spot (May 2026). Excludes Ag and Cu co-product credits, which add incremental value.
Heap Leach Capex
Low
Validated heap-leach process eliminates mill construction. Pad construction already underway. Lowest capital intensity route to first gold pour for a ~1M oz resource in Mexico.
Asking Price
$60M
USD $60M acquisition price equates to less than $63/oz of certified gold resource — a deeply discounted entry versus comparable advanced-stage heap-leach assets in Mexico or Latin America.

All figures in USD. Au $4,784/oz spot (May 2026). Resource per NI 43-101 (Floersch). In-ground gross value indicative only; net present value subject to production parameters and independent economic study during due diligence.

04

Proposed Transaction

The vendor seeks a strategic acquirer or production partner to complete the transition to heap-leach production. The asking price is USD $60,000,000, with the following structures considered:

Option A
Outright Sale
Full acquisition of 100% of the Solidaridad concession, the La Sábila ranch property, all drill data, NI 43-101 report, metallurgical studies, and heap-leach pad infrastructure currently under construction. Preferred for buyers with immediate production capability.
Option B
Production JV
Joint venture with a qualified operator to complete pad construction, commission the heap-leach circuit, and advance to first gold pour. Vendor retains a minority interest and royalty. Ideal for mid-tier producers or royalty companies seeking near-term cash flow.
Option C
Staged Earn-In
Staged earn-in to 80% interest tied to production milestones, with initial payment of $15–20M for majority operating control. Subsequent payments from production cash flow, allowing the buyer to self-fund remaining earn-in costs.
Proceed to Full Data Room
Execute the NDA to access the NI 43-101 technical report, all 73 drill hole logs, original lab certificates, metallurgical test results, heap-leach pad plans, and concession documentation. Site visits are available by arrangement.
Request NDA
Project Sabila  ·  May 2026  ·  Confidential
This document is strictly confidential and is intended solely for the named recipient. It does not constitute an offer to sell or solicitation of an offer to buy any securities or assets. Any reproduction or disclosure without prior written consent is prohibited.